JA Solar Holdings Co., Ltd. (NASDAQ:
JASO) on Tuesday reported stronger-than expected third quarter profit, helped by strong demand for its products from both existing and new customers. Net income surged to $77 million, or 47 cents per share, from $17.3 million, or 10 cents per share, in the year-earlier quarter. Revenue jumped to $541 million from $193 million. Analysts, on average, expected the company to report earnings of 34 cents per share on revenue of $453.75 million. Looking ahead, the company boosted its shipments outlook for the full year of 2010. The company currently expects shipments to exceed 1.45GW in 2010, compared with prior guidance of 1.35GW. Shipments in the fourth quarter of 2010 are expected to be approximately 450MW. Shares of the company rallied more than 2% in early trading.
Dean Foods Co. (NYSE:
DF) said Tuesday that its third-quarter net income declined to $24.3 million, or 13 cents a share, from $49.7 million, or 28 cents a share, in the prior-year quarter. Revenue grew to $3.05 billion from $2.76 billion. Analysts, on average, expect the company to report earnings of 21 cents per share on revenue of $3.04 billion. Looking ahead, the company said that it expects fourth quarter earnings to bebetween 13 cents to 18 cents per share. Analysts currently expect the company to report fourth-quarter earnings of 27 cents per share. The company also announced that Jack Callahan, 52, will resign his role as Dean Foods Executive Vice President and Chief Financial Officer to accept a similar position as Chief Financial Officer of another publicly traded company. Shares of the company slumped more than 15% in morning trading.
Tyco International Ltd., (NYSE:
TYC) reported Tuesday that its fiscal fourth-quarter net income climbed 30% to $266 million, or 53 cents a share, from $205 million, or 43 cents, in the year-ago quarter. On an adjusted basis, the company earned 74 cents a share in the latest quarter. Revenue increased to $4.49 billion from $4.32 billion. Analysts, on average, expected the company to report earnings of 66 cents per share on revenue of $4.47 billion.
Church & Dwight Inc. (NYSE:
CHD) said Tuesday that its third-quarter net income dropped to $69.5 million, or 96 cents a share, from $70 million, or 98 cents a share, in the comparable quarter last year. Revenue climbed to $656.9 million from $646.2 million. Analysts, on average, expected the company to report earnings of 93 cents a share on revenue of $659.8 million. Looking ahead to the full-year 2010, the company reaffirmed its earnings outlook of $3.93 to $4 per share in 2010, which is an increase of 13-15%, excluding the 2009 plant restructuring charges of $0.24 per share and the favorable litigation settlement, net of legal fees, of $0.17 per share. Free cash flow for 2010 is expected to exceed $300 million.
Covidien Plc, (NYSE:
COV) reported that its fiscal fourth-quarter net income jumped to $443 million, or 89 cents a share, from $56 million, or 11 cents, in the prior-year period. On an adjusted basis, the company earned 84 cents a share in the latest quarter. Revenue $2.67 billion from $2.59 billion. Analysts, on average, expected the company to report earnings of 74 cents per share on revenue of $2.64 billion. Shares of the company rallied more than 6% in Tuesday morning trading.
Sempra Energy (NYSE:
SRE) said Tuesday that its third-quarter net income dropped to $131 million, or 53 cents a share, from $317 million, or $1.27 a share, in the same quarter. On an adjusted basis, the company earned $1.07 a share in the latest quarter. Revenue increased to $2.116 billion from $1.853 billion. Analysts, on average, expected the company to report earnings of $1.06 a share on revenue of $3.18 billion. Looking ahead, Sempra Energy reaffirmed its prior earnings-per-share guidance for 2010 of $3.15 to $3.40, excluding Sempra Commodities. Shares of Sempra Energy plunged more than 4% in morning trading.
Disclosure: Author doesn't own any of the stocks discussed here.